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Retail Business With 2 Locations

RetailFor Sale in ME

Financial & Assets Details

$818,500
$141,200
$73,000
Yes

About the Business

15+ years
1 FT/8 PT

Business Description

The new owner of this profitable business will benefit from the following:
* Established business that has dominated its market area for more than 15 years.
* Steady retail sales through COVID.
* Loyal customer base with repeat business.
* Business was set up to flow easily by the current owner who has an MBA and extensive experience in the retail business industry.
* Employee turnover is low. 2/3 of employees have been with the business for more than 2 years.
* Strong social media following.
* Diverse supplier base of more than 100 companies.

Growth & Expansion

In reaction to COVID, the retail portion of the business is now also online, a huge growth opportunity. Additionally, selling merchandise on social media (Instagram and Facebook) is an avenue the current owner hasn’t pursued fully and designated it as a growth opportunity.

Market Competition:

A unique retail business that dominates its market area.

Location Details:

Both locations are central and benefit from high traffic counts.

Support & Training

Very flexible. The current owner wants the business to be a success for the new owner, its employees, and customers; as such, is willing to assist in the training and transition of the business.

Reason for Selling:

The owner is retiring.

Listing ID: 26914

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